AUSTIN,
Texas, Jan. 2, 2024 /PRNewswire/ -- Flex (NASDAQ:
FLEX) today announced the completion of the spin-off of all of its
remaining interest in Nextracker Inc. ("Nextracker") to Flex
shareholders on a pro rata basis.
Under the previously disclosed terms of the transaction, Flex
shareholders received approximately 0.17 shares of Nextracker Class
A common stock for every Flex ordinary share held as of the record
date of December 29, 2023, with
74,432,619 shares of Nextracker Class A common stock issued to Flex
shareholders in the aggregate. Flex shareholders will receive cash
in lieu of any fractional shares.
As a result of the completion of the spin-off, Flex no longer
directly or indirectly holds any shares of Nextracker common stock
or any securities convertible into or exchangeable for shares of
Nextracker common stock. Flex ordinary shares will continue to
trade on Nasdaq under the ticker symbol "FLEX" and shares of
Nextracker Class A common stock will continue to trade on Nasdaq
under the ticker symbol "NXT".
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of
choice that helps a diverse customer base design and build products
that improve the world. Through the collective strength of a global
workforce across 30 countries and responsible, sustainable
operations, Flex delivers technology innovation, supply chain, and
manufacturing solutions to diverse industries and end markets.
Contacts
Investors & Analysts
David Rubin
Vice President, Investor Relations
(408) 577-4632
David.Rubin@flex.com
Media & Press
Yvette Lorenz
Director, Corporate PR and Executive Communications
(415) 225-7315
Yvette.Lorenz@flex.com
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SOURCE Flex